How to buy Paringa Resources shares | A$0.041

Paringa Resources Limited is a thermal coal business based in Australia. Paringa Resources shares (PNL) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.041 – the same closing value as a week prior. and has a market cap (total outstanding shares value) of $20.7 million.

How to buy shares in Paringa Resources

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Paringa Resources . Find the share by name or ticker symbol: PNL. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Paringa Resources reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $0.041, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Paringa Resources . Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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How has coronavirus impacted Paringa Resources 's share price?

Since the stock market crash in March caused by coronavirus, Paringa Resources 's share price has had significant positive movement.

Its last market close was $0.041, which is 0.00% up on its pre-crash value of $0.041 and 0.00% up on the lowest point reached during the March crash when the shares fell as low as $0.041.

If you had bought $1,000 worth of Paringa Resources shares at the start of February 2020, those shares would have been worth $1,000.00 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,000.00.

Paringa Resources share price

Use our graph to track the performance of PNL stocks over time.

Paringa Resources shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	AUDA$0.041
52-week range	AUDA$0.036 - AUDA$0.053
50-day moving average	AUDA$0.041
200-day moving average	AUDA$0.041
Target price	AUDA$0.54
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$-0.029

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AUD 8

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• Brokerage - AU shares: From AUD 5 or 0.05%
• Brokerage - US shares: USD 0
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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Paringa Resources stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Paringa Resources Limited by TradingView

Paringa Resources price performance over time

Historical closes compared with the close of A$0.041 on 2020-10-22

1 week (2020-10-23)	0%
1 month (2020-10-01)	0%
3 months (2020-07-31)	0%
6 months (2020-05-01)	0%

1 year (2019-10-31)	-18.00%
2 years (2018-10-31)	-78.83%
3 years (2017-10-31)	-88.42%
5 years (2015-10-30)	-87.14%

Paringa Resources financials

Gross profit TTM	$0
Return on assets TTM	-6.91%
Return on equity TTM	-18.14%
Profit margin	0%
Book value	0.146
Market capitalisation	$20.7 million

TTM: trailing 12 months

Paringa Resources share dividends

We're not expecting Paringa Resources to pay a dividend over the next 12 months.

Paringa Resources share price volatility

Over the last 12 months, Paringa Resources 's shares have ranged in value from as little as $0.036 up to $0.053. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Paringa Resources 's is 0.17. This would suggest that Paringa Resources 's shares are less volatile than average (for this exchange).

Paringa Resources overview

Paringa Resources Limited, together with its subsidiaries, engages in the development and operation of coal mines in the United States. It operates the Poplar Grove Mine, part of the Buck Creek Complex located in the Illinois Coal Basin in western Kentucky. As of June 30, 2019, the company owned 40,096 gross acres of coal leases in Kentucky, the United States. Paringa Resources Limited was incorporated in 2012 and is headquartered in Rumsey, Kentucky.

Frequently asked questions

• What percentage of Paringa Resources is owned by insiders or institutions?

  Currently 17.995% of Paringa Resources shares are held by insiders and 33.361% by institutions.

• When does the fiscal year end for Paringa Resources ?

  Paringa Resources 's fiscal year ends in June.

• Where is Paringa Resources based?

  Paringa Resources 's address is: 373 Whobry Road, Rumsey, KY, United States, 42371

• What is Paringa Resources 's ISIN number?

  Paringa Resources 's international securities identification number is: AU000000PNL1